Transaction Dollar Volume - Interest Rate (Millions of USD) - 05/23/2025

IRS by Product & Cleared Status

Product1	Cleared2	Uncleared	Total
Fixed-Float	1,631,329	112,825	1,744,154
OIS	8,750,635	506,246	9,256,881
Swaption	0	678,069	678,069
OTHER*	309,669	68,078	377,747
TOTAL	10,691,632	1,365,218	12,056,851

* Includes the following products: Basis, Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation.

IRS by Product & Major Currency

Product1	USD3	EUR	Other	Total
Fixed-Float	151,505	988,892	603,756	1,744,154
OIS	3,292,412	2,226,555	3,737,914	9,256,881
Swaption	360,600	187,517	129,952	678,069
OTHER*	168,569	103,498	105,680	377,747
TOTAL	3,973,086	3,506,463	4,577,302	12,056,851

* Includes the following products: Basis, Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation.

IRS by Product & Tenor

Product1	0-34	3-6	6-12	12-24	24-60	60+	Total
Fixed-Float	337,979	138,711	265,627	292,791	331,245	377,801	1,744,154
OIS	5,894,963	125,904	511,242	791,517	977,225	956,030	9,256,881
Swaption	281,116	100,721	154,115	69,633	46,120	26,366	678,069
OTHER*	200,326	19,942	48,307	32,275	43,689	33,209	377,747
TOTAL	6,714,383	385,277	979,291	1,186,216	1,398,278	1,393,406	12,056,851

* Includes the following products: Basis, Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation.

IRS by Product, Participant Type & Cleared Status

	Swap Dealers/MSPs5		Others
Product1	Cleared2	Uncleared	Cleared	Uncleared
Fixed-Float	2,108,875	165,937	1,153,783	59,713
OIS	10,265,453	700,673	7,235,816	311,820
Swaption	0	942,081	0	414,057
OTHER*	428,110	83,117	191,227	53,039
TOTAL	12,802,438	1,891,807	8,580,826	838,630

* Includes the following products: Basis, Cap/Floor, Debt Option, Exotic, Fixed-Fixed, FRA, and Inflation.

Swap dollar volumes for current week, by product type and major currency (notional value of all new trades in millions of USD), all participant types and tenors, cleared and uncleared. For cleared swaps, this table reflects the notional value of the creation of only one of the two swaps that results from the clearing process. Only the notional values of market-facing trades are included in dollar volumes and trade events including compressions, terminations, amendments, and novations, are excluded.

1 See Data Dictionary for product descriptions and Explanatory Notes for data sources.

2 See Explanatory Notes for cleared and uncleared descriptions.

3 See Explanatory Notes for currency descriptions.

4 See Explanatory Notes for tenor bucket descriptions.

5 See Explanatory Notes for participant type descriptions.

6 See Data Dictionary for grade descriptions.

The Commission requests feedback on the format and content of this CFTC Swaps Report table. Submit comments to [email protected].